L&T’s construction unit secures contracts worth $248.3m

WCN Editorial Team 16 Mar 2016 ASIA BUILDINGS

Larsen & Toubro’s (L&T) construction division has secured contracts with a combined value of INR16.72bn ($248.3m) across various businesses.

The company’s building and factories business has won contracts worth INR9.67bn ($143.6m).

These include an EPC contract for a multi-storied residential project in Lucknow, Uttar Pradesh, India. The scope of the contract, awarded by UP Avas Vikas Parisad, will include civil, structural, mechanical, electrical, plumbing and finishes.

The business has also secured a turnkey contract from a Mumbai developer to build a multi-storied residential building and retail space. The scope of the work will include civil, structural, mechanical, electrical, plumbing as well as finishes.

L&T’s power transmission and distribution business has won contracts valued at INR5.8bn ($86.1m) in the international markets.

These include an EPC contract in Ethiopia for construction of a 400/230/15 kV substation, as well as three 230/15 kV substations at various locations. The project, awarded by Ethiopian Electric Power, has secured financing from the French Development Agency.

The business has also received another EPC contract in South East Asia to build a high-voltage substation.

In addition, L&T Construction’s Water & Effluent Treatment Business has secured order worth INR1.25bn ($18.6m).

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